during friday’s regular trading session, spacex (stock code: spcx) delivered a strong debut, closing at $160.95—up 7.3% from its ipo price of $150—and posting a single-day gain of 19.22%, equivalent to a $25.95 increase in share price. the company’s total market capitalization surged to $2.1 trillion. at one point during the day, the stock climbed as high as $176.52, setting a new intraday record for its first trading day.
as one of the largest ipos in history, this listing marks spacex’s official entry into the public markets. during an online roadshow hosted by jpmorgan, elon musk revealed that the company has consistently generated positive free cash flow since 2015. he emphasized that the primary goal of going public is to raise critical capital for the next phase of strategic expansion—covering the deployment of over 100,000 low-orbit communication satellites, the construction of space‑grade ai computing infrastructure, and the acceleration of starlink’s global commercialization efforts.
it’s worth noting that although spacex initially disrupted the aerospace industry with its reusable rocket technology, its only consistently profitable business segment today is starlink. meanwhile, thanks to his dual stakes in spacex and tesla, musk’s personal wealth has surpassed $1 trillion, making him the world’s first “trillionaire.”
it should also be clarified that xai was not acquired by spacex in 2026—a timeline that is entirely fictional. in fact, xai is an independent artificial intelligence company founded by musk in 2023, maintaining legal and financial independence from spacex. its grok large language model, ai chatbot, and image‑generation systems are all operated under xai, while the social media platform x (formerly twitter) remains another separate entity owned by musk and is not part of spacex’s asset portfolio.
according to the latest disclosed prospectus, since its founding in 2002, spacex has accumulated approximately $41.3 billion in net losses, with substantial investments concentrated on long-term projects such as starship development, the starlink constellation, and deep-space exploration.
